Selling your property in Bulgaria right now means that you will finalise your position, which basically means that once you sell your Bulgarian property you will be in one of only three possible positions.

1. You will have made a profit

2. You will have made a loss

3. You will break even

It may seem strange to say, but there are many ways to judge which of the above applies to you.

For example if you are based in Northern Ireland or the UK it is very possible that you will sell your Bulgarian property at a Euro loss but make a Sterling profit .ie if you bought your property in Early 2007  the exchange rate was approx 66 pence to per Euro and today’s exchange rate is 82 pence per Euro. If your  property  cost €50,000 which was £32,500 in 2007  you can sell it today for €45,000 which would give you almost 15% profit in Sterling with a 10% loss in Euro.

Many leading Economists predict that 2012 will see Sterling strengthen towards the Euro which will mean that you will need to sell your Bulgarian property for money in order to recover your original investment. If they are right you will need to see the Bulgarian property market grow at a greater rate than sterling strengthens.

In the current climate, property or indeed any investment needs to be based upon facts more than hope and our firm belief  is that Bulgarian property still has some way to go before it bottoms out but that it is far more likely that Sterling will strengthen during the same period.

To summarise it is our firm belief that now is a good time to sell your Bulgarian property and bring the money home and make the most of some the excellent value that is available in our own market that was not available when we invested in Bulgaria.

If you would like to discuss your property and its selling potential please contact us